Question
On Wednesday June 1, 2022, Amazing Companys board of directors declared a dividend of $1.10 per share payable on Thursday, June 30, 2022, to shareholders
On Wednesday June 1, 2022, Amazing Companys board of directors declared a dividend of $1.10 per share payable on Thursday, June 30, 2022, to shareholders of record as of Tuesday June 14, 2022. a) If Jack buys 1000 shares on Tuesday June 14, how much will he receive in dividends? b) If Jack buys 5000 shares on Monday June 13, how much will he receive in dividends? c) If Jack buys 3000 shares on Monday June 1, and sells 2000 shares to Jill on Friday June 10, how much will Jack receive in dividends?
d) If Jack buys 10,000 shares on Monday June 1, and sells 7000 shares to Jill on Monday June 13, how much will Jack receive in dividends? e) If Jack buys 6,000 shares on Monday June 1, and sells 5000 shares to Jill on Tuesday June 14, how much will Jill receive in dividends?
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